Zacks Research Predicts Positive Earnings Growth for Clean Harbors, (NYSE:CLH) Through FY2024

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Clean Harbors ($NYSE:CLH), Inc. (NYSE:CLH) is a leading provider of environmental, energy and industrial services throughout North America. The company specializes in hazardous waste management and disposal, industrial cleaning, and environmental remediation. Their operations span across a wide range of industries, ranging from oil refineries to manufacturing plants. Clean Harbors recently announced that Zacks Research has issued a positive earnings forecast for their fiscal year 2024. According to the report, Zacks Research has predicted that Clean Harbors will see significant earnings growth in the next four years.

This strong growth is attributed to the company’s strong fundamentals and their ability to provide top-notch services to their clients. With the company’s expertise and the latest technology, they are able to provide comprehensive solutions for hazardous waste management, industrial cleaning and environmental remediation. The company continues to invest in new technologies and processes in order to stay ahead of the curve and provide their clients with the best possible services.

Price History

The report states that it anticipates strong earnings growth for the company through FY2024, citing the stock’s strong performance as of late. According to the research note, Clean Harbors’ stock opened at $132.3 on Monday, and closed at the same price, up 0.9% from its prior closing price of $131.1. The company’s stock continues to show promising momentum as investors have responded positively to its recent financial performance and prospects for the future. As Zacks Investment Research noted in its report, Clean Harbors is well-positioned to continue its growth trajectory in the years ahead. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Clean Harbors. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Clean Harbors. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Clean Harbors. More…

Key Ratios Snapshot

Some of the financial key ratios for Clean Harbors are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of CLEAN HARBORS‘ wellbeing and found that it is a low risk investment when looked at from both financial and business aspects. Our Risk Rating process takes into account a variety of metrics with the aim of providing investors with an objective assessment of their potential investments. Based on this analysis, we can conclude that CLEAN HARBORS holds a low risk status. If you’re looking for further information about CLEAN HARBORS, we encourage you to become a registered user and check out the business and financial areas with potential risks our tool has identified. This can help you make an informed decision when investing in this company. More…

Peers

Clean Harbors Inc and its competitors, Republic Services Inc, Heritage-Crystal Clean Inc, and Waste Management Inc, are all companies that provide environmental and industrial services. These services can include things like waste management, oil recycling, and chemical cleaning. While all four companies provide similar services, they each have their own unique strengths and weaknesses.

– Republic Services Inc ($NYSE:RSG)

Return on equity (ROE) is a ratio that measures the profitability of a company in relation to the equity that shareholders have invested. The higher the ROE, the more profitable the company is.

Republic Services, Inc. is an industry leader in U.S. non-hazardous solid waste and recycling. They provide integrated, non-hazardous solid waste collection, transfer, disposal, and recycling services to residential, commercial, industrial, and construction customers. As of 2022, Republic Services had a market cap of 41.18B and an ROE of 14.02%.

– Heritage-Crystal Clean Inc ($NASDAQ:HCCI)

Heritage-Crystal Clean Inc is a leading provider of environmental and industrial services. The company has a market cap of 661.49M as of 2022 and a Return on Equity of 16.76%. Heritage-Crystal Clean Inc offers a wide range of services including environmental, industrial, and oilfield services. The company’s environmental services include hazardous waste management, environmental remediation, and environmental consulting. Heritage-Crystal Clean Inc’s industrial services include industrial cleaning, waste management, and environmental consulting. The company’s oilfield services include oilfield waste management, oilfield remediation, and oilfield consulting.

– Waste Management Inc ($NYSE:WM)

Waste Management Inc is an American waste management and environmental services company. It is the largest waste management company in North America, with operations in the United States, Canada, and Mexico. The company has a market cap of 64.5B as of 2022 and a Return on Equity of 28.78%. Waste Management Inc provides waste management and environmental services to residential, commercial, and industrial customers. The company offers a range of services, including collection, transportation, and disposal of waste; recycling and resource recovery; and sustainability services.

Summary

Clean Harbors, Inc. (NYSE: CLH) is a leading provider of environmental, energy, and industrial services. According to recent analysis from Zacks Research, Clean Harbors is expected to see steady growth in earnings over the next four years. Investors should keep an eye on Clean Harbors as the company could be poised for a strong run of earnings growth over the next four years.